Safety of Cloud Storage Services

I'd like to know your opinion about a 'cloud storage service' like Skydrive, Dropbox, etc. How safe are these services? Can I trust my financial and personal information to the cloud without having to worry about it being accessed by the cloud administrators?

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Every form of data is not suitable for migration to the Cloud. It depends on the sensitive, Compliance requirements and Privacy law of you country. If the data is encrypted you have some control but not from Government Agencies due to the Acts similar to the Patriotic and Anti-Terrorism laws as well as an immunity to the ISPs for disclosure no matter what the contract and SLA's say the laws take precedence.

You need to do a risk analysis, do your homework as to the location of storage servers, check into the laws as the more countries are involved in a distributed architecture the more complex is the decision making process.

The solutions available are: encrypt files or split the sensitive data into
small pieces and store them in differentes cloud providers.
You must create an abstract layer on the top of all these providers. If you
go to www.otixo.com may be the first step for this approach.

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